A hostile takeover is one opposed by the firm's existing management
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is a disadvantage of the benefit principle?
a. It cannot be applied to transfer programs. b. It does not apply to user charges. c. It is completely incompatible with efficiency. d. It closely resembles a market price.
Which of the following characteristics distinguishes oligopoly from other market structures?
a. Firms operating in an oligopoly are independent of each other. b. Firms operating in an oligopoly are interdependent. c. Oligopoly is the simplest of all the other market structures. d. An oligopolist does not face a downward-sloping demand curve. e. Entry into an oligopolistic market is easier than entry into a monopolistically competitive market.
The moment modern banking was born was when
A. the number of goldsmiths' receipts exceeded the number of gold coins kept in goldsmiths' safes. B. the number of gold coins kept in goldsmiths' safes was equal to the number of goldsmiths' receipts in circulation. C. the number of gold coins in goldsmiths' safes exceeded the number of goldsmiths' receipts in circulation.
Use the following information to answer the next question. Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10% interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 each. Of the $75, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. What is the accounting profit generated by Extreme Gaming in the first year?
A. $5,000 B. $160,000 C. $780,000 D. $220,000